Question: Please help me with all the RED (wrong answers) The plant asset and accumulated depreciation accounts of Pell Corporation had the following balances at December

Please help me with all the RED (wrong answers)
The plant asset and accumulated depreciation accounts of Pell Corporation had the following balances at December 31, 2017 Accumulated Depreciation Plant Asset Land Land improvements Building Machinery and equipment Automobiles $ 350,000 180,000 1,500,000 1,158,000 150,000 45,000 350,000 405,000 112,000 Transactions during 2018 were as followsS a. On January 2, 2018, machinery and equipment were purchased at a total invoice cost of $260,000 b. On March 31, 2018, a small storage building was donated to the company. The person donating the which included a $5,500 charge for freight. Installation costs of $27,000 were incurred building originally purchased it three years ago for $25,000. The fair value of the building on the day of the donation was $17,000 c. On May 1, 2018, expenditures of $50,000 were made to repave parking lots at Pell's plant location. The work was necessitated by damage caused by severe winter weather. d. On November 1, 2018, Pell acquired a tract of land with an existing building in exchange for 10,000 shares of Pell's common stock that had a market price of $38 per share. Pell paid legal fees and title insurance totaling $23,000. Shortly after acquisition, the building was razed at a cost of $35,000 in anticipation of new building construction in 2019 e. On December 31, 2018, Pell purchased a small storage building by giving $15,250 cash and an old automobile purchased for $18,000 in 2014. Depreciation on the old automobile recorded through December 31, 2018, totaled $13,500. The fair value of the old automobile was $3,750 Required: Prepare a schedule analyzing the changes in each of the plant assets during 2018 PELL CORPORATION Analysis of Changes in Plant Assets For the Year Ended December 31, 2018 Balance 12/31/2017 $ 350,000 S 438,000 Balance Increase 12/31/2018 $ 788,000 180,000 1,150,000 Decrease Land improvements Building 180,000 1,500,000 350,000 Machinery and equipment Automobiles 287,000? 58,000 1,387,000 151,000 $ 3,338,000 744,000 426,000 S3,656,000 1,158,000 150,000 19,000 18,000 Totals
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